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consequently, the u.s. federal government will continue to provide a social safety net, regulate the economy, and shoulder a substantial share of responsibility for safeguarding the social and economic basis of political equality." guest: there are always some conservatives that argue that, let's have big government. let's make it our big government. i'm not sure you can have the government the size we have and not have -- not squeeze people like the caller we have from new jersey. peter berkowitz should go talk to him, tell them -- tell her she should not mind the government. 200 years of growth during world war room and one, world war ii gave as big government. they didn't fall for that. host: grover norquist is president of americans for tax reform. atr.org. if you would like to read his text pair pledged and see some of the other information may have on their site. and the new release from today. thank you very much for being on "washington journal". >> now a look at how the fiscal cliff the impact medi
consequently, the u.s. federal government will continue to provide a social safety net, regulate the economy, and shoulder a substantial share of responsibility for safeguarding the social and economic basis of political equality." guest: there are always some conservatives that argue that, let's have big government. let's make it our big government. i'm not sure you can have the government the size we have and not have -- not squeeze people like the caller we have from new jersey. peter...
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Dec 7, 2012
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if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this will cause problems in the credit markets. the credit markets will ultimately adjust. the reality has not changed. you will see hedge funds and private equity firms, but that is the process. it will take time. between now and then, it will create a greater amount of turmoil. it is what this means. it means that we do not have the political will to nail this thing down. and we will not. people will recognize that and we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability.
if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this...
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Dec 13, 2012
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the bottom line is the u.s. congress and this white house are very disjointed, because the american public is very disjointed. when the american public -- this is a town that is responsive to what their voters tell them. people don't come here and say i will disagree totally with what my constituency tells me to do. once in awhile we would hope when it requires leadership because they get more from patients and their constituents that they rise to the occasion. but i think what is important if we are going to get to that point of these five things that need to be done in order to pull the country forward, more people need to talk about. having him on this panel enunciating those four or five things is important. it is a campaign that needs to be waged, that allows people -- probably in the centers of all political parties, however many that is these days, to have that conversation. it is a lonely center. to be able to have that conversation, to enunciate it. it is something that needs to be talked to and explain
the bottom line is the u.s. congress and this white house are very disjointed, because the american public is very disjointed. when the american public -- this is a town that is responsive to what their voters tell them. people don't come here and say i will disagree totally with what my constituency tells me to do. once in awhile we would hope when it requires leadership because they get more from patients and their constituents that they rise to the occasion. but i think what is important if...
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Dec 21, 2012
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u.s. dot and fda provided critical support. the ministry was personally involved in getting specialized breakers from chicago for service. but with path operating at less than full strength on partial schedules, and as new jersey transit continues its efforts to restore service, commutes are still badly disrupted. what normally was a 45-minute ride has now doubled or worse as commuters displaced seek alternative transit. those with late evening shifts are still bearing the burden of limited service, having to rely on late-night bus is to make their way home. we continue to rebuild and repair across our network, but as the case of the state of new york and new jersey, the port authority will need the federal government's health. we're not at full strength and we have endured hundreds of millions of dollars of damage. electric substation 7 patched together with parts. parts are offering -- operating on a manual lock, with communicators by radio while the signaling systems are under repair. to bring the system that will require hu
u.s. dot and fda provided critical support. the ministry was personally involved in getting specialized breakers from chicago for service. but with path operating at less than full strength on partial schedules, and as new jersey transit continues its efforts to restore service, commutes are still badly disrupted. what normally was a 45-minute ride has now doubled or worse as commuters displaced seek alternative transit. those with late evening shifts are still bearing the burden of limited...
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Dec 14, 2012
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do we end with the view that the u.s. is the best performing of the advanced economies? >> the u.s. has a pretty good medium-term growth prospects. both because of the energy boom, increasing efficiencies and healthcare, and still being the world leader in technology, which is a big advantage. the other point that i think needs more emphasis, if you look over the next 10-20 years, the growth rate of the economy is slowing because of demographics, because the average education is not increasing and we will have the drag from the aftermath of the financial crisis for a long time. the next year or two or three looks better than what we have been experiencing that better means 3% growth, not 5%. >> on that note, are there any questions? no questions? i have loads more. >> [inaudible] >> can we continue to print money without causing inflation? >> one of the most challenging lines that the next chairman of the federal reserve will have to walk is unwinding the balance sheet expansion that has occurred while avoiding putting too much negative pressure on the economy. you can get that bala
do we end with the view that the u.s. is the best performing of the advanced economies? >> the u.s. has a pretty good medium-term growth prospects. both because of the energy boom, increasing efficiencies and healthcare, and still being the world leader in technology, which is a big advantage. the other point that i think needs more emphasis, if you look over the next 10-20 years, the growth rate of the economy is slowing because of demographics, because the average education is not...
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Dec 13, 2012
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we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are concerned about is what happens in january, if and when we fail to do our work here now. and also, to expose that the vote that took place in august was a vote to continue the bush era tax cuts. the very same tax cuts that got us into the mess we are in right now. and they're doing that because they're holding hostage the 98% of americans who receive a tax cut under mr. walz's bill before -- that's at the desk today. and they're holding them hostage to make sure that the 2%, the wealthiest 2% don't get that tax cut. our economy is 70% driven b
we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are...